The Caribbean Development Bank (CDB) has announced that it has committed US$100 million in support to The Bahamas as the country charts a path to economic recovery and resilience following the back-to-back disasters of Hurricane Dorian and the COVID-19 pandemic.
The Bank’s Board of Directors approved the policy-based loan (PBL), the first in a proposed two-part series of PBLs, with a second tranche of US$25 million expected to be appraised in the 2023/24 fiscal year.
The loan will provide support to the government as it undertakes a programme of policy, legislative, and institutional reforms aimed at strengthening fiscal discipline and boosting revenue mobilisation while safeguarding the vulnerable.
